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Tokyo Tops Most Expensive City List

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Tokyo is on top of the latest cost of living ranking for cities around the globe. The survey is undertaken by Mercer, a global consultant, and looks at 143 cities. It uses the cost of living in New York City as a baseline of 100, and currency movements are compared against the US dollar.

Tokyo is on top with a score of 143.7, moving it up from second a year ago. Another Japanese city, Osaka, is second on the list, up from 11^th last year. The two Japanese cities at the top of the list are in part a result of the strengthened yen. Last year’s most expensive city, Moscow, comes in at third in the 2009 list. The rest of the top ten: Geneva in 4^th, followed by Hong Kong, Zurich, Copenhagen, New York city, Beijing and Singapore.

Two of the biggest drops came from London, which was 3^rd in 2008 and is now 16^th, and Oslo, which fell from 4^th to 14^th. Chinese cities also moved up the list substantially, as Beijing was 20^th a year ago and is now 9^th. Shanghai went from 24^th to 12^th, and the southern Chinese cities of Shenzhen and Gunzhou also moved up substantially into the top 25.

Regionally, New York is followed by Caracas, Venezuela and Los Angeles in the Americas. The top Middle East and Africa city is Tel Aviv, Israel, which is at 17^th. It is followed by Dubai and Abu Dhabi. The top European and Asian cities are all on the top ten list, with Milan coming in at 11^th.

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